Constructor Shares Product and Revenue Milestones from a Record-Breaking FY24

With its product discovery platform, Constructor powered 250 billion shopper interactions last year — driving hundreds of millions of personalized experiences each day; See its award-winning tech in action at eTail West

SAN FRANCISCO and PALM SPRINGS, Calif., Feb. 24, 2025 /PRNewswire/ -- Constructor, the leading AI-powered search and product discovery platform for enterprise ecommerce companies, today announced key milestones from a record-breaking FY24 (Feb. 1, 2024, to Jan. 31, 2025). During the past year, Constructor nearly doubled revenue, nearly tripled its valuation in a new funding round, expanded its global client base, and made significant investments in product innovation — enabling more brands to increase revenue and customer satisfaction with AI-driven product discovery.

Search and product discovery (S&PD) technologies — helping online shoppers better find what they want and need — are increasingly strategic parts of ecommerce companies' toolkits today. According to Gartner^®, "Buyers of S&PD products are looking to use these platforms to deliver and support a unique, compelling and consistent CX [customer experience] across many channels."¹

Constructor's award-winning solutions facilitate that, with the below milestones attesting to their power. Over the past year, Constructor:

• Nearly doubled revenue for the fourth year in a row, while nearly doubling annual recurring revenue (ARR) from subscriptions/contracts as well.
   
• Signed leading ecommerce retailers, brands, distributors and manufacturers, with especially strong traction across apparel, grocery, cosmetics, general retail, furniture, B2B manufacturing and distribution, wholesale, and many more specialized industries.
   
• Helped power ecommerce success. The main reason customers choose Constructor is its commitment to driving results. With Constructor, ecommerce companies reported results including: 16.5% increase in average order value, 15% increase in revenue per visit, 13% increase in search revenue, 92% increase in recommendations conversions, $40 million revenue lift, 20X ROI, and more.
   
• Nearly tripled its valuation (to $550 million) since its 2021 Series A round, while securing $25 million in Series B funding.
   
• Powered more than 250 billion shopper queries and interactions — a 184% increase over the previous year. These queries, and the results Constructor returned, led to hundreds of millions of shoppers finding the products they were looking for. With such high activity, Constructor helped leading retail brands drive hundreds of millions of personalized experiences every day, and led to tens of billions of dollars in revenue for the companies that use Constructor to power their product discovery.
   
• Enhanced its product suite, using AI and generative AI (GenAI) to deliver measurable value to ecommerce companies and their shoppers alike. Brands using Constructor's award-winning AI Shopping Assistant — a conversational product discovery tool, supporting full-sentence and natural language ecommerce search — report results including a 10% increase in website revenue, 6% increase in search conversions, 7% increase in clicks and more.
   
• Expanded its geographic reach, significantly growing its presence, headcount and customers in Europe, the Middle East and Africa (EMEA) and in Latin America (LATAM). Over the past year, Constructor doubled revenue from EMEA and LATAM.
   
• Grew company headcount by 47%, with new hires spread across North and South America, Europe and Australia. Constructor continues to grow its team and is hiring in engineering, customer success, marketing, product, sales and more.
   
• Appointed AI veteran Dan Buczaczer as VP of marketing. Newly hired to Constructor, Buczaczer brings deep experience at AI-focused businesses, working at the intersection of AI, data and business strategy. A marketing leader for two-and-a-half decades, Buczaczer previously held CMO positions at MetaMap (acquired by Incode), Labelbox and Quid.
   
• Was named a Leader in the IDC MarketScape: Worldwide Knowledge Discovery Software for External-Facing Use Cases 2024 Vendor Assessment (Doc #US51813424, Nov. 2024).
   
• Took home awards and accolades. Constructor earned five gold Stevie Awards^®, recognizing the company, its product innovation and its leadership, across the American Business Awards^®, International Business Awards^®, and Stevie Awards for Technology Excellence programs. In addition, the company was a gold winner in the Convrt Awards for retail for its "great use of GenAI" and named to Will Reed's Top 100 for helping shape workplace culture. Constructor was also named a Leader in G2's Spring, Summer and Fall 2024 — as well as Winter 2025 — Grids^® for Ecommerce Search Software (earning badges including High Performer, Easiest to Do Business With, Best Support, Momentum Leader, and Users Most Likely to Recommend).

"We're very proud of Constructor's recent achievements but never content to rest on our laurels," said Constructor CEO Eli Finkelshteyn. "Our customers are the lifeblood of our business, and we're always looking for ways to serve them even better. There are great opportunities in the year ahead to make product discovery even easier and more rewarding — engaging shoppers in more flexible ways and helping ecommerce companies grow their businesses. We're excited to make that happen."

See Constructor at eTail West

Constructor will showcase its full platform, including AI Shopping Assistant, at eTail West, Feb. 24-27, in Palm Springs, California. Visit the company at booth 610, or sign up to book a demo.

¹ Gartner, Inc., Magic Quadrant^TM for Search and Product Discovery, Mike Lowndes, Aditya Vasudevan, Sandy Shen and Noam Dorros, May 13, 2024.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

About Constructor
Constructor is the only search and product discovery platform tailor-made for enterprise ecommerce where conversions matter. Constructor's AI-first solutions make it easier for shoppers to discover products they want to buy and for ecommerce teams to deliver personalized experiences in real time that drive impressive results. Optimizing specifically for ecommerce metrics like revenue, conversion rate and profit, Constructor generates consistent $10M+ lifts for some of the biggest brands in ecommerce, such as Sephora, Petco, The Very Group, home24, Grove Collaborative and Fisheries Supply. Constructor is a U.S.-based company that was founded in 2015 by Eli Finkelshteyn and Dan McCormick. For more, visit: constructor.com

SOURCE Constructor